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Property profile & analytics
OFF-MARKET
Estimated value
$21,490,000
Office Spaces
217 Jefferson St Sta A Chicago, IL 60661-1103
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US28-5549365
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1934
Lot
0.56 ac (24,406 SF)
APN
17-09-315-036-1001
UPID
US28-5549365
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$21.49M
Owner & transaction history
Grand 75 LLC · 4 yrs held
Grand 75 LLC
since 2022
Last sale
$21.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Chicago submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chicago submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$22,570,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$21.49M
Range $19.34M – $23.64M · ±10% · vs last sale $20.95M (Jul 22 2022)
Last sale anchor
$20.95M
Jul 22 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$236,703
Tax year 2022
Assessed value
$1,146,906
Assessed 2022
Previous assessed
$984,196
+16.5% YoY
Effective rate
20.64%
On assessed value
Assessed land
$183,045
Assessed improvement
$963,861
Land market value
$732,180
Improvement market value
$3,855,444
Total market value
$4,587,624
Applied tax rate
77,101.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1934
Heating
NONE
Lot
0.56 ac (24,406 SF)
APN
17-09-315-036-1001
UPID
US28-5549365
Jurisdiction
COOK
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1934
Heating
NONE
Lot
0.56 ac
Current owner
From public records · entity-resolved
Grand 75 LLC
Entity
Mailing address
155 E 26TH ST, NEW YORK, NY 10010-1824
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 21, 2023
—
Grand 75 LLC
—
Deed
related
$10,160,000 · Net 1 Funding Corp
Jul 22, 2022
$20,950,000
Grand 75 LLC
Mres Jefferson Holdings LP
Special Warranty Deed
—
Mar 10, 2020
—
Mires Jafferson Holdings LP
—
Deed
related
$9,000,000 · Great Western Bank
Dec 21, 2017
—
Mres Jefferson Holdings LP
—
Deed
related
$10,800,000 · Bny Mellon NA
Mar 31, 2015
$14,500,000
Mres Jefferson Holdings LP
217 N Jefferson Partners LLC
Grant Deed
related
$10,800,000 · Bny Mellon NA
Oct 5, 2006
—
217 N Jefferson Partners LLC
—
Trustees Deed
related
$1,000,000 · Lasalle National Bank
Jun 14, 2005
—
217 N Jefferson Partners LLC
Uhlich Childrens Home
Grant Deed
related
—
—
—
217 N Jefferson Partners LLC
—
Deed Of Trust
related
$302,681 · First Bank Highland Park
—
—
217 N Jefferson Partners LLC
—
Deed Of Trust
related
$302,000 · First Bank Highland Park
—
—
Mres Jefferson Holdings LP
—
Deed Of Trust
related
$9,000,000 · Great Wstrn Bk
—
—
217 N Jefferson Partners LLC
—
Loan Modification
related
$3,321,600 · First Bk/highland Park
—
—
Jefferson Partners LLC
—
Loan Modification
related
$4,200,000 · First Bk/highland Park
—
—
217 N Jefferson Partners LLC
—
Loan Modification
related
$8,002,681 · First Bk/highland Park
—
—
Mres Jefferson Holdings LP
—
Loan Modification
related
$10,800,000 · Bny Mellon NA
—
—
217 N Jefferson Partners LLC
—
Deed Of Trust
related
$3,321,600 · First Bank Highland Park
—
—
217 N Jefferson Partners LLC
—
Deed Of Trust
related
$4,200,000 · First Bank Highland Park
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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